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In the latest session, OmniAb Inc (NASDAQ: OABI) closed at $3.72 down -4.12% from its previous closing price of $3.88. In other words, the price has decreased by -$4.12 from its previous closing price. On the day, 0.64 million shares were traded. OABI stock price reached its highest trading level at $3.93 during the session, while it also had its lowest trading level at $3.64.
Ratios:
For a deeper understanding of OmniAb Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.62 and its Current Ratio is at 4.62. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, RBC Capital Mkts on November 29, 2023, initiated with a Outperform rating and assigned the stock a target price of $6.
On April 21, 2023, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $8.
On April 13, 2023, Craig Hallum started tracking the stock assigning a Buy rating and target price of $10.Craig Hallum initiated its Buy rating on April 13, 2023, with a $10 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 24 ’24 when FOEHR MATTHEW W bought 240,000 shares for $4.42 per share. The transaction valued at 1,059,840 led to the insider holds 3,536,665 shares of the business.
GUSTAFSON KURT A sold 6,954 shares of OABI for $36,648 on Apr 08 ’24. The Executive VP, Finance and CFO now owns 176,697 shares after completing the transaction at $5.27 per share. On Apr 08 ’24, another insider, Berkman Charles S, who serves as the Chief Legal Officer of the company, sold 6,954 shares for $5.27 each. As a result, the insider received 36,648 and left with 292,617 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OABI now has a Market Capitalization of 450168352 and an Enterprise Value of 433986816. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.03 while its Price-to-Book (P/B) ratio in mrq is 1.53. Its current Enterprise Value per Revenue stands at 21.264 whereas that against EBITDA is -7.39.
Stock Price History:
Over the past 52 weeks, OABI has reached a high of $6.72, while it has fallen to a 52-week low of $3.56. The 50-Day Moving Average of the stock is -10.94%, while the 200-Day Moving Average is calculated to be -18.77%.
Shares Statistics:
For the past three months, OABI has traded an average of 403.59K shares per day and 593820 over the past ten days. A total of 116.86M shares are outstanding, with a floating share count of 94.34M. Insiders hold about 19.45% of the company’s shares, while institutions hold 56.77% stake in the company. Shares short for OABI as of 1730332800 were 7975251 with a Short Ratio of 19.76, compared to 1727654400 on 8244808. Therefore, it implies a Short% of Shares Outstanding of 7975251 and a Short% of Float of 7.4499995.
